Property Valuation
Reproduction cost vs. replacement cost in South Dakota appraisal: which is defined as building an exact replica using original materials and techniques?
AReplacement cost
BReproduction cost✓ Correct
CRestoration cost
DReconstruction cost
Explanation
Reproduction cost is the cost to build an exact replica of the structure using original materials, design, and techniques. Replacement cost is the cost to build a structure of equal utility using current materials and techniques.
Related South Dakota Property Valuation Questions
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